Lithium Energy Ltd. (AU:LEL) has released an update.
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Lithium Energy Ltd. faces a suspension of its securities on the ASX as it navigates the sale of its major Solaroz Lithium Brine Project in Argentina for $97 million and advances the IPO of its subsidiary, Axon Graphite Limited. The company must demonstrate sufficient operational activity to the ASX to resume trading, either by completing the sale or by acquiring a new resource project. Investors are keenly watching the developments in both the Solaroz sale and the Axon Graphite IPO.
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